South Korea Unemployment Rate Down to 3.1% in April

In South Korea, the seasonally adjusted unemployment rate fell to 3.1 percent in April of 2013, from 3.2 percent in the previous month, mainly due to creation of new jobs in the manufacturing and service sectors.

The unemployment rate marked 3.2 percent in April, down 0.3%p year-on-year. Seasonally adjusted, the unemployment rate decreased to 3.1 percent, the lowest value in four months.

The number of unemployed persons totaled 825 thousand people in April, which decreased 70 thousand persons or 7.8 percent year-on-year.

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